Piyush Goyal Projects India's Exports to Surpass $900 Billion

12-06-2025


India's goods and services exports are on a remarkable upward trajectory, with projections indicating a surge beyond $900 billion in the fiscal year 2025-26. Commerce and Industry Minister Piyush Goyal, during his address to an Indian business delegation in Stockholm, highlighted this optimistic outlook despite the backdrop of global economic uncertainties. The minister's confidence stems from India's export performance in the previous year, which reached an all-time high of $825 billion, up from $778 billion in 2023-24.

The resilience of India's export sector is evident as it navigates through challenges posed by the Russia-Ukraine conflict, the Israel-Hamas war, and the Red Sea crisis. These geopolitical tensions have not deterred the country's trade momentum, showcasing the strength and adaptability of its economy. Goyal's statements underscore the government's commitment to fostering trade and investment, both domestically and internationally, to sustain this growth.

During his official visit to Stockholm, Goyal engaged with his Swedish counterpart and local companies to explore avenues for enhancing bilateral trade and investments. This diplomatic effort is part of India's broader strategy to expand its global trade footprint and secure new markets for its goods and services. The Federation of Indian Export Organisations (FIEO) supports this vision, projecting a 21% year-on-year growth that could elevate India's exports to $1 trillion by 2025-26.

The consistent growth in India's exports, with the U.S. remaining its largest trading partner for the fourth consecutive year, reflects the country's increasing prominence on the global stage. As India continues to navigate through global turmoil, its export sector stands as a testament to the nation's economic resilience and potential for future expansion. The government's proactive measures and the private sector's dynamism are pivotal in achieving these ambitious targets, setting a positive outlook for India's trade landscape.

Other news

Allsvenskan Title Race Narrows as Mjällby Awaits Stockholm Outcome

{'$date': '2025-10-20T12:08:28.879Z'}


Mjällby AIF stands on the brink of securing the Swedish Allsvenskan championship, with their fate potentially decided during Sunday's heated Stockholm derby between Hammarby and AIK. The southern Swedish club could clinch the title without even playing if Hammarby drops points against their city rivals. This unprecedented scenario has created intense anticipation across Swedish football as the season reaches its dramatic conclusion.

In Bromölla, Mjällby's supporter club Sillastrybarna gathered at a restaurant to watch the Stockholm derby together, reflecting the nervous excitement surrounding the potential championship. "The feeling is that anything could happen today, but we're satisfied either way," said Kristofer Rasmusson, vice chairman of Sillastrybarna. The supporters acknowledged that while winning the title during another team's match would be unusual, it would still represent a remarkable achievement for the club.

Should Hammarby secure victory against AIK on Sunday, Mjällby's championship aspirations would extend to Monday's away match against IFK Göteborg. In that scenario, Mjällby would need to defeat the Gothenburg side to claim the SM-gold. Maximilian Damm, who is live-reporting on Mjällby's title chase, expressed confidence in the team's abilities, stating, "As soon as they get to play a match. That is, on Monday against IFK Göteborg away. It's hard not to be impressed by how MAIF approaches matches, and there's no reason not to believe they won't win on Monday."

The Monday encounter against IFK Göteborg presents its own challenges, with historical data showing low-scoring affairs between the two clubs. The last five meetings have produced just one goal per match, with Mjällby holding three victories to IFK's two. Despite this history, both teams have significant motivation - Mjällby for the championship and IFK Göteborg for European qualification spots and honor. The match kicks off Monday at 19:10, potentially crowning a new Swedish champion.